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Geiger Counter Ltd (GCL)

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Thursday 12 July, 2018

Geiger Counter Ltd

Geiger Counter Ltd : Extended Offer Facility

Geiger Counter Ltd : Extended Offer Facility

12 July 2018

geiger counter limited (THE "COMPANY")

Extended Offer Facility Application

The Company announces that an application to The International Stock Exchange for an extended offer facility (the "Extended Offer Facility") for an unlimited number of new ordinary shares of no par value in the capital of the Company (the "New Shares") has been approved for a period of 12 months.

The Extended Offer Facility will be used for the purposes of the existing programme of issuing New Shares in response to market demand to promote an efficient market in its shares.  It is expected that the Extended Offer Facility will become effective at 8.00 a.m. on 13 July 2018.

Any New Shares issued in connection with the Extended Offer Facility application:

  • will be issued at prices which shall be a premium to latest net asset value per New Share prior to the issue and, therefore, will not result in any dilution of the net asset value per existing ordinary share; and
  • will rank, when issued, pari passu with the ordinary shares already in issue.

Enquiries

CQS (UK) LLP Craig Cleland T: +44 (0) 20 7201 5368
Cantor Fitzgerald Europe Sue Inglis T: +44 (0) 20 7894 8016
R&H Fund Services (Jersey) Limited Lisa Neil T: +44 (0) 1534 825 336

Important Information

The information contained in this announcement does not constitute an offer of securities for sale in any jurisdiction.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Geiger Counter Ltd via Globenewswire


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